Dairy
The support for European dairy commodity prices tailed off this week with SMP’s run of gains coming to an end, according to StoneX.
European dairy commodity markets continued to grind higher over the last few weeks, according to financial services firm StoneX.
After six weeks of price stability, the European butter quotation finally made a move, albeit small, to the upside last week, StoneX says.
The last couple of weeks have seen some price weakness creep into SMP markets while butter prices have been very stable, according to StoneX.
European dairy commodity prices levelled off somewhat as the supply-demand situation found some "semblance of equilibrium" for the moment.
European butter prices have continued to trend higher in recent weeks, according to multi-national financial services firm StoneX.
Agri-Business
Professional services firm INTL FCStone is rebranding as StoneX, the company announced yesterday, Wednesday, June 24.
European dairy commodity markets continued to trend higher in recent weeks with butter and SMP prices seeing further support.
Dairy markets continued to trend higher in recent weeks, according to multi-national financial services firm INTL FCStone.
After weeks of declining prices, European dairy commodity prices finally found stability over the past fortnight, according to INTL FCStone.
European dairy markets are continuing to reel from Covid-19, with European butter quotation hitting 2016 lows, according to INTL FCStone.
Weaker demand and increasing supply paint a difficult economic scene for EU dairy, as prices continue to drop, INTL FCStone says.
Tillage
Grain markets showed more volatility this week as wheat fell from the highs of last week.
As crops establish farmers should sell some grain. AgriLand spoke to Rory Deverell, a risk management consultant with INTL FCStone.
